Transfer & Conversion of Securities

A “transfer” is when you move your electronic investments—like shares, bonds, or other assets—from one demat account to another. You can do this:

• Within the same depository (CDSL to CDSL or NSDL to NSDL)
• Between depositories (CDSL to NSDL or NSDL to CDSL)

You can request a transfer online (if it is from CDSL) or offline (using a paper form).

Types of Share Transfers:

1. Off-market Transfer (DIS):
   • A manual process of transferring securities using a Delivery Instruction Slip (DIS) from one demat account to another.
   • This method is typically used for direct transfers between individuals or entities.
2. Online Transfer via CDSL Easiest:
   • An electronic method of transferring shares from one demat account to another within the CDSL system or between CDSL and NSDL accounts.
   • Requires registration and linking of beneficiary accounts.
3. Gifting:
   • A special type of off-market transfer where securities are transferred as a gift.
4. Inter-Depository Transfer:
   • Transfer of securities between different depositories (e.g., from CDSL to NSDL or vice versa) using CDSL Easiest or offline DIS.

Other Transfer Scenarios:

• Transmission of Shares: The transfer of securities due to the death of the account holder, where shares are moved to the nominee’s or legal heir's account.

Transfer-Related Services:

• Dematerialisation and Rematerialisation: The process of converting physical certificates into electronic form (demat) or vice versa.

In essence, the transfer of shares allows an investor to move their holdings between different accounts, brokers, or custodians, either for trading purposes, gifting, or handling assets.

FAQs